Producer is also known as - Study guides, Class notes & Summaries

Chapter 1 Contemporary Marketing 1) The American Marketing Association’s updated definition of marketing is a process that identifies a need and then offers a means of satisfying that need. Answer: FALSE Diff: 2 Type: TF Page Ref: 4 Skill: Recall LO: 8 2) Organizations that concentrate on what they are capable of producing follow a marketing orientation. Answer: FALSE Diff: 2 Type: TF Page Ref: 6 Skill: Recall LO: 3 3) An organization that focuses on selling more...

Primerica Practice Exam Test A 75 Questions & Answers 2023 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured ...

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...

PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A. An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - A. mutual funds not paid out after paying claims ...

WGU Pathophysiology Study Guide: D236 Pathophysiology Lesson 1 TO Lesson 11 WGU Pathophysiology Study Guide: D236 Pathophysiology Lesson 1 TO Lesson 11: Pathophysiology Remediation Lesson 1: Homeostasis Concepts 1. Starling's Law of Capillary forces is the force behind the movements of fluid in capillary beds throughout the body. The two forces at work are hydrostatic and osmotic pressures. Homeostasis is achieved when these two forces are equal in the capillary- cell interfaces. When...

South Carolina Life Insurance Producer with Complete Solutions Producer Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer An agent who holds an insurance license in the state in which they live non-resident producer Agents who hold an insurance license in a different state than the one they live Broker agents that work on behalf of life insurance companies to help potential custo...

1. A famous case in the 1980s involved Coca-Cola introducing New Coke after much research. The failure of New Coke was largely due to a. a narrow conception of the research. b. uneven caliber of researchers. c. poor problem definition. d. late and occasional erroneous findings. e. personality and presentation differences. ANSWER: c RATIONALE: The release and imminent failure of the New Coke campaign stemmed from a lack of the correct problem definition by Coca-Cola. See...

South Carolina Life Insurance Producer Exam 2024 with 100% correct answers 1. Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. ANS Producer 2. An agent who holds an insurance license in the state in which they live ANS - resident producer 3. Agents who hold an insurance license in a different state than the one they live ANS non-resident producer 4. agents that work on behalf of life insurance companies to...

Property and Casualty New York Exam Set Test Questions And Revised Correct Answers Updated & Already Passed What is a Broker? - ANSWER : A broker is someone who acts on behalf of the insured in negotiating insurance, their for a broker has no binding authority , however brokers are considered to be a collector of premiums. What is an agent (producer)? - ANSWER : An agent is a person who acts on behalf of an insurance company with whom they are contracted. Agents have binding ...

California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed What distinguishes a deferred annuity from an immediate annuity? The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? 60 payments What is a common reason people purchase an annuity? To protect against the risk of outlivin...